IIM Visakhapatnam Placements 2023: Average Package: INR 16.61 LPA & Highest Package: INR 32.65 LPA

Visakhapatnam, Andhra PradeshAutonomous UniversityEstd 2015
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IIM Visakhapatnam Placements 2023: Average Package: INR 16.61 LPA & Highest Package: INR 32.65 LPA

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Written By Mayank Badhwar 

IIM Visakhapatnam Placements 2023 has been concluded with 100% placements. IIM Visakhapatnam average package increased by 10.29% at INR 16.61 LPA whereas IIM Visakhapatnam highest package stood at INR 32.65 LPA. 17% of the total number of students (193 students) received dual offers. The highest number of offers came from the IT & Consulting sector (33%) followed by the BFSI sector (26%). The highest number of offers were made for the Product, Strategy & Consulting roles (25%). 141 companies participated in the placement drive among which 95 were new recruiters. Some of the top recruiters included Amazon, Asian Paints, Deloitte, Adani Group, Cognizant etc.

IIM Visakhapatnam Summer Internship Placements 2024 has been concluded. IIM Visakhapatnam highest stipend stood at INR 2.5 Lakhs per month and IIM Visakhapatnam average stipend increased by 38% which stood at INR 80K per month. 100% summer placements were recorded. IT / ITES sector alone made 22% Internships offers.

   

IIM Visakhapatnam Placements 2023 Report

Particulars Placements Statistics 2023 Placements Statistics 2022
Number of Recruiters 141 86+
Number of New Recruiters 95 49
Placement Percentage 100% 100%
Highest Salary INR 32.65 LPA INR 31.60 LPA
Average Salary INR 16.61 LPA INR 15.06 LPA
Average Salary for Working Professionals INR 18.32 LPA
Top 10% Average Salary INR 29.03 LPA INR 20.67 LPA
Top 25% Average Salary INR 23.63 LPA INR 19.39 LPA
Top 50% Average Salary INR 20.24 LPA INR 17.82 LPA
Median Salary INR 16 LPA INR 15.46 LPA
Top Domain - Consulting
Top Sector IT & Consulting (33%) IT/ITES, BFSI
Top Recruiters Amazon, Asian Paints, Deloitte, Adani Group, Cognizant etc Amazon, BYJU’s, Deloitte, HCL, HDFC Bank etc 
 

IIM Visakhapatnam Placements 2023 Sector – Wise

The following table represents the sector wise placements for the batch 2023 at IIM Visakhapatnam:

Sectors Percentage of Placements
Product, Strategy & Consulting 26%
BFSI 26%
Manufacturing 16%
Logistic  4%
Retail 3%
FMCG 3%
E-Commerce 3%
Others 12%
 

IIM Visakhapatnam Placements 2023 Roles – Wise

The below table represents the roles – wise statistics of IIM Visakhapatnam Placements 2023:

Roles Percentage of Placements
IT & Consulting 33%
Finance 19%
General Management & Leadership Roles 17%
Marketing, BD & DM 14%
Operations & SCM 12%
HR 8%
Analytics 5%

IIM Visakhapatnam Placements Sector - Wise

The below table represents the sector - wise highlights of IIM Visakhapatnam Placements 2022:

Sectors Percentage of Placements Percentage of Recruiters
IT/ITES 34% 35%
BFSI 33% 24%
Consulting 15% 8%
Manufacturing 8% 13%
E-Commerce 7% 5%
EdTech/Education - 6%
FMCG - 4%
Others 3% 5%

During IIM Visakhapatnam Placements 2022, the highest number of recruiters came from the IT/ITES sector followed by BFSI sector. The highest number of placements were made from the IT/ITES sector. 

 

IIM Visakhapatnam Placements Domain - Wise

The below table shows the domain - wise highlights of IIM Visakhapatnam Placements 2022:

Domains Placement Percentage
Consulting 32%
Strategy 13%
Finance 11%
Marketing & Sales 11%
General Management 11%
Analytics 5%
Product Management  5%
HR 5%
Operations 3%
Others 4%

During IIM Visakhapatnam Placements 2022, the highest number of offers came from the Consulting domain. 

 

IIM Visakhapatnam Placements Top Recruiters

IIM Visakhapatnam Placements Top Recruiters

 

IIM Visakhapatnam Summer Internship Placements 2024 Report

Particulars Internship Statistics 2024 Internship Statistics 2023 Internship Statistics 2022
Number of Recruiters 110 60 -
New Recruiters - 41 -
Number of Students 271 - -
Internship Percentage 100% - -
Highest Stipend INR 2.5 Lakhs per month INR 3.5 Lakhs per month INR 2 Lakhs per month
Average Stipend INR 80 K per month INR 57 K per month INR 62.264 K per month
Median Stipend - INR 50 K per month -
Major Sectors IT/ITES. Edtech, Pharma IT/ITES, BFSI -
Top Recruiters Adani Group, Bain & Co, Cognizant, EY, Goldman Sachs etc - -

Also check IIM Visakhapatnam News & Articles

 

IIM Visakhapatnam Summer Internship Placements 2024 Sector Wise

The following table represents the sector wise summer internship placements for the batch 2022-24 at IIM Vizag:

Sectors Percentage of Offers
IT/ITES 22%
Pharma & Healthcare 7%
Edtech and Education 7%
Real Estate and Construction 4%

IIM Visakhapatnam Summer Internship Placements 2023 Sector - Wise

The below table represents the sector - wise recruiters of IIM Visakhapatnam Summer Internship Placements 2023:

Sectors Percentage of Recruiters
IT/ITES 27%
BFSI 22%
Consulting 12%
Manufacturing 10%
EdTech 9%
E-commerce 5%
PSU 5%
Others 10%

During IIM Visakhapatnam Summer Internship Placements 2023, the highest number of internship offers came from the IT/ITES sector followed by BFSI sector.

 

IIM Visakhapatnam Summer Internship Placements 2023 Top Recruiters

IIM Visakhapatnam Summer Internship Placements 2023 Top Recruiters

 

IIM Visakhapatnam Summer Internship Placements 2023 Batch Profile

The 2021-23 batch comprised 70% male students & 30% female students. 68% of the batch were freshers & rest of the students had previous work experience.

IIM Visakhapatnam Summer Internship Placements 2023 Batch Profile

Also check IIM Visakhapatnam Q&A

 

IIM Visakhapatnam Alumni Network

Name of Organizations Number of Alumni
Indian Institute of Management Visakhapatnam 82
Deloitte 27
Ministry of Skill Development & Entrepreneurship 27
IDFC First Bank 16
HCLTech 14
Amazon 12
Cognizant 11
BYJU’s 11
Tata AIG General Insurance Company Limited 10
KPMG India 9
Yes Bank 9
ICICI Bank 9
AU Small Finance Bank 9
Infosys 8
Vyuham - The Consulting Club, IIM Visakhapatnam 8
 

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IIM Visakhapatnam Placements FAQs

Ques. What was the salary offered in the placements 2023 at IIM Visakhapatnam?

Ans. In the placement drive of 2023, the highest package stood at INR 32 LPA whereas the average stipend stood at INR 15.5 LPA.

Ques. How was IIM Visakhapatnam Placements 2022?

Ans. During IIM Visakhapatnam Placements 2022, the highest salary stood at INR 31.60 LPA. Students received an average salary of INR 15.06 LPA. Top 10% of the students received an average salary of INR 20.67 LPA, top 25% of the students received an average salary of INR 19.39 LPA & top 50% of the students received an average salary of INR 17.82 LPA. The median salary stood at INR 15.46 LPA. The participating batch achieved 100% placements.

Ques. What was the IIM Visakhapatnam average package?

Ans. The average package stood at INR 15.06 LPA during IIM Visakhapatnam Placements 2022.

Ques. What was the IIM Visakhapatnam highest package?

Ans. The highest package stood at INR 31.60 LPA during IIM Visakhapatnam Placements 2022.

Ques. How many recruiters visited the campus during IIM Visakhapatnam Placements 2022?

Ans. 86+ recruiters visited the campus during IIM Visakhapatnam Placements 2022.

Ques. What was the median salary received during IIM Visakhapatnam Placements 2022?

Ans. The median salary stood at INR 15.46 LPA during IIM Visakhapatnam Placements 2022.

Ques. Which recruiters participated during IIM Visakhapatnam Placements 2022?

Ans. Recruiters like Amazon, BYJU’s, Deloitte, HCL, HDFC Bank etc participated during IIM Visakhapatnam Placements 2022.

Ques. What was the highest stipend received during IIM Visakhapatnam Summer Internship Placements 2023?

Ans. The highest stipend stood at INR 3.5 Lakhs per month during IIM Visakhapatnam Summer Internship Placements 2023.

Ques. What was the average stipend received during IIM Visakhapatnam Summer Internship Placements 2023?

Ans. The average stipend stood at INR 57 K per month during IIM Visakhapatnam Summer Internship Placements 2023

Do you think the placement data is wrong ?  Report Here

IIM Visakhapatnam Highest and Average Package

Highest PackageAverage Package
43.25 L
15.64 L
08.7 Lakhs17.3 Lakhs25.9 Lakhs34.6 Lakhs43.3 Lakhs

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IIM Visakhapatnam: 2 Answered Questions

How did IIM Visakhapatnam do better at placements than some of the second generation IIMs?

Jatin KumarStudied at Indian Institute of Management Visakhapatnam (2018)

IIM Visakhapatnam had a lot of help from IIM Bangalore for placements in the first few batches. A pool summer placement process was organized at Bangalore for the first three batches. This resulted in students interning at companies like Cloudtail and Directi. If you are lucky, you will find colleagues from colleges like IIM Ahmedabad, Bangalore, Calcutta, XLRI, and FMS.

The internship is a great opportunity for you and it will pose a strong point in job interviews. Moreover, my advice to you would be to network as much as possible. You will probably earn a 6 figure monthly stipend during the summer internship. Eventually, as students began to perform well and some of them at par with the top three IIMS (ABC), PPOs began loyally recruiting students from the college.

These job profiles are the same as those offered at IIM Bangalore. An example of this would be that of Bosch. It offers a Junior Manager’s program available only to premier campuses like IIM Bangalore, IIFT Delhi, etc. as seen on LinkedIn. It even has an international visit to Germany included.

Another major reason would be that this industry prefers students who have previously done summer internships. This PPO percentage was higher for the first two batches from IIM Visakhapatnam since most of the students were taught by IIM Bangalore professors. 

Here are some other statistics for placements at IIM Visakhapatnam:

  • Many IIM V students are at the consultant level at the Government of Andhra Pradesh.
  • The batch size of the first two years was only 50.
  • Since most of the students were taught by IIM B faculty, they have more knowledge and experience.
  • 18% of the students secured a PPO here, which is higher than any other second-generation IIM.

All these factors combined above have now ensured that IIM Visakhapatnam does better in placements than any other second-generation IIM. Currently, the highest CTC stands at INR 27 LPA and a minimum at INR 10 LPA. Companies like Yes Bank, Amul, and Crompton Greaves regularly visit the institute for placements.

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What are the differences between IIM Kashipur and IIM Visakhapatnam in terms of placements and overall infrastructure?

Neha Rani
Arshit JainIIM Vishakhapatnam

IIM Kashipur and IIM Visakhapatnam both had strong placement records in 2022, with 150+ and 86+ recruiters respectively. The highest salary package offered at IIM Kashipur was INR 28.82 LPA, while the highest salary package offered at IIM Visakhapatnam was INR 31.60 LPA. Both institutes reported an increase in the average salary offered, with IIM Kashipur reporting an 8.256% increase and IIM Visakhapatnam reporting a 19.33% increase. Both institutes had a significant number of offers from major recruiters such as Amazon, Deloitte, HCL, etc. The highest number of recruiters came from the IT/ITES sector. The highest number of placements were made in the Consulting domain at IIM Visakhapatnam.

IIM Kashipur and IIM Visakhapatnam are both premier management institutes in India and have well-developed infrastructure. However, there may be some differences in terms of the facilities and amenities provided by the institutes. IIM Kashipur has a fully-equipped campus with state-of-the-art facilities. The campus has an auditorium, library, computer lab, sports facilities, and hostel accommodation for students. The institute also has an Entrepreneurship Development Cell (EDC) to promote and support the entrepreneurial spirit of students.

IIM Visakhapatnam also has a modern and well-equipped campus. The campus has a library, computer lab, sports facilities, and hostel accommodations for students. The institute also has an Entrepreneurship Development Cell (EDC) to promote and support the entrepreneurial spirit of students. The institute also has an incubation center and a Centre for Innovation, Entrepreneurship, and Incubation (CIEI) which provides a platform for students to develop and incubate their business ideas.

In conclusion, both IIM Kashipur and IIM Visakhapatnam have a well-equipped infrastructure with state-of-the-art facilities and amenities to support the academic and co-curricular activities of students. However, IIM Visakhapatnam may have an additional center for innovation, Entrepreneurship, and Incubation to support students who have business ideas. It's recommended to visit the campuses or check the institutes' websites for more information about the infrastructure and facilities.

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Frequently Visited Companies

Companies
Aditya Birla GroupAmazonDirectiErnst & Young
Bosch LimitedWiproDeloitteHDFC Bank
HSBC BankMuSigma Business Solutions Ltd.TVS MotorsBosch Ltd
MphasisPramati TechnologiesKPMGMAQ Software
Tech MahindraGMR GroupICICI LombardHP Global
MindTreeNeudesicVirtusaBerger

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